Brick-Front Duplex with
For Sale
$1,699,900
Pending
699 Ionia Ave, Staten Island, NY 10312
Brick-front duplex with a private apartment, finished basement, pool, garage, and flexible interior space.
Property Size4,044 SF
Lot Size0.26 Acres
Days on Market139
Property Features for 699 Ionia Ave
General Information
Standard status
Pending
Size
4,044 SF
Total Parking Spaces
2
Lot size
0.26 Acres
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Multifamily Units
2
Amenities
heated in-ground pool
wood-burning fireplace
summer kitchen
Building Details
Year Built
1993
Buildings
1
Construction
colonial
Listing Agency:
Berkshire Hathaway HomeService Cangiano Estates
Listed By:
Kristen Mezzacappa · License #10301208209
(917) 757-1705
Source:
Statenislandhomelistings
Added: Apr 18
Changed: Sep 1
Last Checked: Sep 2 at 6:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeService Cangiano Estates
Investment Insights
Based on property information with market context.
Built in 1993, this 4,044-square-foot brick-front duplex combines substantial interior space with multiple living areas. The main residence includes four bedrooms, formal living and dining rooms, a custom eat-in kitchen with granite counters and stainless steel JennAir appliances, and a family room with a wood-burning fireplace. A finished basement adds hardwood floors, a family room, summer kitchen, 3/4 bath, bedroom, and storage. The property also includes a private one-bedroom apartment with a new heating system.
Set on a 94 x 119 property at 699 Ionia Avenue in Staten Island, the site includes a circular driveway, two-car garage, patio, and heated in-ground pool with a new filter. The backyard provides additional outdoor space for dining, recreation, and gatherings. Zoning is R3X.
Set on a 94 x 119 property at 699 Ionia Avenue in Staten Island, the site includes a circular driveway, two-car garage, patio, and heated in-ground pool with a new filter. The backyard provides additional outdoor space for dining, recreation, and gatherings. Zoning is R3X.
Key Highlights
- 4,044‑square‑foot duplex built in 1993
- Private one‑bedroom apartment with new heating system
- Finished basement with bedroom, summer kitchen, 3/4 bath, family room, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,930
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,998,600
$2.0M
Cap Rate 7%
$1,427,571
$1.4M
Cap Rate 9%
$1,110,333
$1.1M
Market Conditions
NOI Build-Up for 4,044 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$155.3K $38.40/SF
− Vacancy
−$12.5K −$3.10/SF
EGI
$142.8K $35.30/SF
− OpEx
−$42.8K −$10.59/SF
NOI
$99.9K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,998,600
Cap Rate 7%
$1,427,571
Cap Rate 9%
$1,110,333
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $99,930 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,918 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,071 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick-front duplex with a private apartment, finished basement, pool, garage, and flexible interior space.
Where is this duplex located?
The property is located at 699 Ionia Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,699,900.
What are key features of this property?
This property features: 4,044‑square‑foot duplex built in 1993; Private one‑bedroom apartment with new heating system; Finished basement with bedroom, summer kitchen, 3/4 bath, family room, and storage
